Is someone aware of if Binance is CRS compliant and report EU account holders if they use their trading platform?
If so, what alternative trading platforms are there?
If so, what alternative trading platforms are there?
Kraken is US based, just remember that, the DOJ loves going after low hanging fruit for tax evasion or providing the information to other countries in exchange for support on extraditions etc lol
As for Binance, they are throwing anyone and everyone under the bus, so CZ doesn't end up in the clink for all his prior activities or that of Binance.
Binance are bending over backwards as there's so many ongoing investigations and he doesn't want to get indicted... so actually under the table you can be certain data is being shared... also Offshore, in crypto doesn't appear to have the same pre-emptive rights/protections as offshore stocks, brokers etc, ergo, the US enforces its laws on overseas exchanges in crypto, whereas they do not enforce their laws on overseas traditional exchanges, brokers etc where american's buy from them, i.e a american buying stocks listed on the SET (Thailand), full under the jurisdiction of the SEC of Thailand, whereas an American buying on 'Satang' (Binance technically under some shell corps) falls under the SEC US jurisdiction, so IRS, etcprobably should avoid Kraken and stick to offshore exchanges like Binance if you are at all worried about CRS
Kraken ‘Cannot Protect You' From Canadian Government Freezing Crypto: CEO - Decrypt
The CEO of Kraken said that his firm would be 'forced to comply' with law enforcement in Canada amid the latest trucking protests.decrypt.co
what virtual card would you recommend for such setup?EU is tightening the rules regarding crypto. Just a matter of time before all the big guys will start reporting. Cold wallet and an anonymous virtual card attached to it will keep you out of sight
what virtual card would you recommend for such setup?